AustralianSuper accounts for more than a quarter of the roughly $70 billion that super funds own in local energy stocks, new data shows, as it prepares to use its “disproportionately large” footprint over the sector to block Origin’s proposed acquisition on Thursday.
Other funds are jumping on privately held energy transition opportunities, including Rest Super which announced it was investing $1 billion with renewable and clean power infrastructure manager Quinbrook on Wednesday.
